If you are buying a new home, chances are that you are going to decide whether or not to use the services of a mortgage broker, Glendale, AZ. And your decision on that must be based upon the benefits you can get from such a service vs what you get when you DIY. That said, I am sharing with you some compelling reasons why you should hire a broker.
They can teach you how to buy. A good mortgage broker, Glendale, AZ, does not only offer you a list of mortgage options, which can be overwhelming for first timers, but teach you how to buy a good deal. You will be guided through the home buying process – from application to liaising with your solicitor to compiling the documents required, all the way to settlement.
They are not tied to specific lenders and products. When someone you work with isn’t tied to a particular lender or product, he can work “independently,” which means you can expect a service without any specific partiality. This allows a healthy comparison and selection from a wide range of lenders and products. The more choices you have, the better is the chance to find the best one for you.
Services are usually free. Unless your case is a complex one, most of the services provided by a mortgage broker is free of charge – unless you are only borrowing a small amount. But what does it mean? It means you can take advantage of the connections your broker have with expert lawyers, accountants, and more.
They can speed up your application. Because of the level of experience a broker can have, you can expect a speedy application process. With their relationships with lenders, you can expect an application turnaround that is as fast as 2 to 3 days. This is often faster than going directly to a bank.
They have type of loan specializations. As many people say it, mortgage brokers are born to do mortgage. And that is true. With extensive experience, a broker can have an area of specialization, which the bank people usually do not have. This is more beneficial if your application is complex in nature or needed special requirements.
Looking for a reputable mortgage broker, Glendale, AZ? Talk to an expert at HomePlus Mortgage today.
Call us at (800) 810-7587.